Looks like we have collectively put in USD 82 mil... (assuming...

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Joseph1189

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21/04/25

13:51

Post #: 78751961
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Originally posted by GARETH78: ↑

Below is a bit of information on where GLN has come from and where it is currently at in regards to MC and sunk capital.

Market Capitalisation based on Fully Paid shares on issue at certain price points first hit on the way up and on the way back down in the last cycle.

ATH just under $700m MC

IMO likely need at least another $10m in capital required even after the current SPP by the time selling product. Working capital for phase 1 is one thing. This will not cover company working capital corporate / continue Phase 2-4 work required. IMO.

Hopefully this can be raised around a higher pricer than current.

Latest MOM podcast has Joe L on and covers GLN a little (pre Authium) where he says the Offer recieved undervalued the company.

He does not expect Li prices to improve until late 2026.

Below is the sunk capital on Tenements and Investments and Exploration & Evaluation, This does bot include any corporate / admin costs, just expenditure in the areas noted.

$155m Since June 2019.

Not saying sunk capital is a valuation metric. But food for thought.

GLTAH

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Looks like we have collectively put in USD 82 mil... (assuming the exploration and evaluation since 2022 to YTD)...
and only the ponds to show..

That's a lot of money ... I thought Phase 1 (5,370 tpa) was USD 118mil with contingency of 13%...
now they are doing (4,000 tpa) project cost over run by a huge margin)?

thoughts any one?

GLN Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 9.5¢		Change 0.000(0.00%)		Mkt cap ! $91.96M

Open	High	Low	Value	Volume
9.5¢	9.8¢	9.5¢	$90.82K	949.8K

Buyers (Bids)

No.	Vol.	Price($)
5	144310	9.5¢

Sellers (Offers)

Price($)	Vol.	No.
9.6¢	22617	1

View Market Depth

No.	Vol.	Price($)
5	145940	0.095
2	104866	0.094
3	348415	0.093
1	6500	0.092
2	62967	0.091

Price($)	Vol.	No.
0.096	22617	1
0.097	41666	1
0.098	146342	4
0.099	37068	2
0.100	406526	7

Last trade - 11.52am 24/06/2025 (20 minute delay)

GLN (ASX) Chart

Looks like we have collectively put in USD 82 mil... (assuming...

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